The complex terrain of Myanmar business

It’s been more than seven years since Myanmar opened up to the rest of the world, leading to growth in business. The emerging country however still has major issues when it comes to suitability for foreign businesses. The world was hopeful. Myanmar would not only open up to the world but also begin the liberalization […]

Better PR, infrastructure needed to woo more Korean investors

Myanmar must be more proactive and enthusiastic across its attempts to attract foreign investors, such as visiting with the countries it plans to attract investments from. It should also better communicate developments that would be of interest to investors, such as recent directives on liberalising the education and retail sectors, Lee Hyuk, Secretary General of […]

Experts object to firms’ plans to mine sand in Tanintharyi Region

A local company plans to extract 5 million cubic metres of sand over five years in sensitive coastal areas in Tanintharyi Region without legally-required environmental assessments. Experts warn that the proposed sand mining will be highly damaging to a nearby pearl farm, biodiversity and fisheries and livelihoods of local communities. The issue highlights some of […]

Can Myanmar support 5 mobile players?

In the four years since the Myanmar government opened up the mobile industry to outside competition, the nation has experienced an economic revival across many sectors driven, in part, by its vastly improved communications network. Mobile penetration (based on unique users) jumped from 12 per cent in the middle of 2014 (about the same level […]

Relaunching Myitsone Hydropower dam could win investor confidence in Myanmar

Myanmar President U Win Myint on Thursday started a visit to Thailand, where he will attend the 8th Ayeyawady-Chao Phyra Mekong Economic Cooperation Strategy (ACMECS) Summit. The summit is intended to promote regional economic integration by narrowing the development gaps among the five member countries – Cambodia, Laos, Myanmar, Thailand and Vietnam. In 2015 when […]

Dutch De Heus sets up $16m feed plant in Myotha

Animal feed firm De Heus announced the launch of its second production site in Myanmar on Tuesday, taking the overall investment in the country to more than US$30 million. This feed plant in Mandalay, combined with the Yangon facility, will enable the Netherlands-based company to tap into the growing demand in both upper and lower […]

Yamato ventures into Myanmar’s small-cargo delivery market

YANGON — In a move aimed at tapping into Myanmar’s small-cargo delivery market for homes and businesses, Japanese logistics company Yamato Holdings on Monday launched joint venture Yamato Global Logistics Myanmar in Yangon, the country’s biggest city. “In the near future, we want to offer small deliveries within Myanmar, one of our company’s strengths,” said […]

Myanmar’s eco-resorts open up Asia’s new tourism frontier

KAWTHAUNG, Myanmar — A few hours boat ride from the port of Kawthaung, a school of dolphins nudged up to our 30-meter wooden junk. As the captain cut the engine, their silver backs heaved in and out of view; all else was still. Behind us, the Tanintharyi coastline — Myanmar’s skinny southern tail, fringing the […]

Bangkok Airways to fly direct between Yangon and Phuket

Thailand’s Bangkok Airways will start direct flights between Yangon and Phuket starting on November 17, Varong Israsena, the Bangkok-based regional airline vice president of sales told The Myanmar Times in Yangon. State-owned Myanmar National Airlines started operating a direct flight between Yangon and Phuket a month ago. “MNA sees the potential and increase in traffic […]

Starbucks to Open First Myanmar Location

Starbucks will open its first coffee shop in Myanmar at the Sule Square Mall in downtown Yangon. The Myanmar Investment Commission (MIC) officially endorsed the service provider Coffee Concepts Myanmar Limited (CCM) to be the sole operator for catering and sales of Starbucks food and beverages; sales of Starbucks brand products, and the operation of […]